Topic: Guaranteed Trade values from Hyundai

[articsteve]

So what if they pay through new finance. Many manufacturers make a profit on finance, that's nothing new. You think the 7% rate for a Mustang is prime?

Let's keep the discussion focused on Hyundai and not Ford. Hyundai has based their entire incentive structure on "0%".   Case in point is the new Sonata.  First day it hits the market and they put 0%/7 years on the hood !!!!   Standing alone, me thinks that there is little profit in 0% for 7 years financing. 

Hyundai customer will return vehicle under the program.  Typically Hyundai will be running either O% or next to nothing interest rates.  The customer will be a jacked about another new Hyundai.  Then they'll be informed that their rate is substantial higher and the credit score will be used as the scapegoat even though the credit score is good.  Customer will say WTF!!!   OK, you MFers I pay cash!  Dealer will say so sorry, read the contract. 

Why are you so bitter about Hyundai? They are just doing what everyone else is, but well.

Not bitter about Hyundai. Just explaining the bait and switch of this program.

[Turbo Bob]

You're basing your assumptions on assumptions. How do you know what their credit will look like?  I know of five people directly including me who have purchased Hyundai's recently, all with very good credit scores. No one got baited and switched to a higher rate.

[Jaeger]

You're basing your assumptions on assumptions.

No kidding.  Or maybe his crystal ball is working - mine's busted. 

Jaeger

[CatsEye68]

This is from a company that has been caught lying about horsepower ratings and fuel economy projections. They are the leading exponent of the "it looks good, so it must BE good" seller's philosophy in regard to their product offerings.

Be very, very afraid.

[Turbo Bob]

LOL. Whatever.

[rrocket]

This is from a company that has been caught lying about horsepower ratings and fuel economy projections. They are the leading exponent of the "it looks good, so it must BE good" seller's philosophy in regard to their product offerings.

Be very, very afraid.

Hmmmm......so that scares you, but a company that went BK because of POS cars and poor CEOs doesn't scare, you eh??   

[PJungnitsch]

This is from a company that has been caught lying about horsepower ratings and fuel economy projections. They are the leading exponent of the "it looks good, so it must BE good" seller's philosophy in regard to their product offerings.

Be very, very afraid.

Hmmmm......so that scares you, but a company that went BK because of POS cars and poor CEOs doesn't scare, you eh??   

[articsteve]

I know of five people directly including me who have purchased Hyundai's recently, all with very good credit scores. No one got baited and switched to a higher rate.

So what?   Your financing experience has nothing to do with this proposed "guaranteed trade value" scheme.  If you had wanted to pay cash would they have refused you a vehicle?   Hardly.